Wekiwa Springs, FL Cost of Living

Wekiwa Springs cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

Displayed above is a general overview of the Wekiwa Springs, FL cost of living index. The overall cost of living index in Wekiwa Springs, FL is 107, which is 9% higher than the Florida average and 7% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Wekiwa Springs, FL are 6% lower than the Florida average and 6% lower than the national average.

Did you know?

The cost of living in Wekiwa Springs is 9% higher than the Florida average.

The cost of living in Wekiwa Springs is 7% higher than the national average.

The cost of housing in Wekiwa Springs is 34% higher than the national average.

Compare Wekiwa Springs, FL Cost of living To Other Cities

Salary Calculator

I currently make 50,000This is how much you would need to earn in Price difference in compared to

Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

The salary calculator allows you to compare how much your current salary in Wekiwa Springs, FL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Wekiwa Springs, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Wekiwa Springs, FL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$85,100

$7,092

$1,986

$2,553

Renters

$59,643

$4,970

$1,392

$1,789

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Wekiwa Springs, FL, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Wekiwa Springs, FL homeowners have a median income of $85,100. Using that number, you will come up with a maximum of $1,986 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $59,643, which means there is a maximum of $1,392 to be spent on the costs of renting a home or apartment.

Florida Sales Tax

State

General Sales Tax

With Max Surtax

Florida

6%

7.5%

Florida Income Tax

State

Income Tax (Low)

Income Tax (High)

Florida

0%

0%

When considering the overall cost of living expenses in Wekiwa Springs, FL, it's important to take into account the sales tax for Florida, as well as the rate for income tax in Florida. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Florida is 7.5%, and the sales tax in the state of Florida is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Florida starts from 0% and goes up to 0%.

Goods & Services

Item

Wekiwa Springs

National avg.

Difference

Haircut

$14.33

$15.56

7.9%

Beauty Salon

$44.52

$36.11

23.3%

Toothpaste

$2.90

$2.47

17.2%

Shampoo

$0.89

$0.96

8.1%

Movie

$10.84

$10.13

7.1%

Bowling

$4.60

$4.74

2.9%

Groceries

Item

Wekiwa Springs

National avg.

Difference

Ground Beef

$4.09

$3.98

2.7%

Fried Chicken

$1.42

$1.41

1.2%

Milk

$2.34

$2.06

13.5%

Potatoes

$3.24

$2.98

8.8%

Pizza

$8.94

$9.47

5.7%

Beer

$9.26

$8.79

5.3%

Health Care

Item

Wekiwa Springs

National avg.

Difference

Optometrist

$71.02

$101.04

29.7%

Doctor

$73.11

$107.44

32.0%

Dentist

$79.67

$90.42

11.9%

Ibuprofen

$9.44

$9.28

1.7%

Lipitor

$440.90

$426.50

3.4%

Housing

Item

Wekiwa Springs

National avg.

Difference

Home Price

$226,900.00

$175,700.00

29.1%

Avg. Mortgage Payment

$954.22

$1,133.23

15.8%

Apartment Rent

$1,337.00

$920.00

45.3%

Transportation

Item

Wekiwa Springs

National avg.

Difference

Gasoline

$1.97

$1.99

1.4%

Tire Balancing

$44.44

$45.76

2.9%

Utilities

Item

Wekiwa Springs

National avg.

Difference

All Electricity

$161.51

$163.81

1.4%

Phone

$27.81

$28.39

2.0%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.